Analysis of the spx 500 index 11/11/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day.
What's on the market now: Today the index is trading at 3960. Yesterday, we saw a sharp rise in the index. I thought that such an event was unlikely, but it happened. As I said earlier, if there is such an abnormal event in the market, then the market will go to the level of 3970-4050. Where is the index located at the current moment. The current trading volume, which is present on the market, allows us to think that the level of 3970-4060 will be only a temporary point, then the market will need a small rollback to the level of 3880. Where will the market have a chance to start the Santa Claus rally.
What I'm looking forward to today: Today, the market is still likely to move sharply to the level of 4025-4060. After that, I expect the market to stabilize and an attempt to roll back to 3880.
Here are my trading recommendations for today. What I recommend If you want to go short: Short positions are possible from the 4060 level, limit your losses. If you want to go long: Long positions are possible on a rollback from the level of 3880. If you are out of the market: Long positions are possible on a rollback from the level of 3880, If you want to open a short position, then it is better to do it from the level of 4060, limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice. Subscribe to my channel and you will always be aware of the movement of the S&P 500 index . Press Boost if you agree with the current market situation. Thank you!
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